In the global luxury property market, $1 million can buy vastly different amounts of space depending on the city. From the glamorous streets of Monaco to the futuristic skyline of Dubai, this comparison reveals which cities offer true value—and which ones come at a premium.

🔝 Most Expensive Cities (Smallest Space for $1M)

• Monaco	205 sqft
  London	364 sqft
  Singapore	386 sqft
  Tokyo	443 sqft
  Vienna	545 sqft
  Paris	615 sqft

  
  
  These cities are renowned for their luxury, limited space, and international demand—making them some of the priciest places to own real estate.
  
  
  

  • ⚖️ Mid-Range Markets (Moderate Space for $1M)

    
    

    New York	763 sqft
    Miami	800 sqft
    Lisbon	947 sqft
    Melbourne	1000 sqft
    Madrid	1184 sqft

    
    
    These markets offer a solid balance of prestige, lifestyle, and livable space, making them attractive to both residents and investors.
    
    

    Dubai: The Best Value in Global Real Estate

    Dubai outshines most global markets by offering 1,200 sqft of prime property for $1 million—nearly triple what you'd get in Monaco and significantly more than in most European or Asian cities.

    
    

    
    

    ✅ Why Dubai Is the Smart Choice in 2025

    Tax-Free Environment

    No income or capital gains tax, allowing investors to maximize their returns.

    
    

    High Rental Yields

    Prime areas in Dubai generate yields between 6–10%—among the highest in the world.

    
    

    100% Foreign Ownership

    Foreign investors can fully own properties in designated freehold zones with no need for a local sponsor.

    
    

    Golden Visa Eligibility

    Property buyers can qualify for long-term residency, including 10-year visas for major investors.

    
    

    World-Class Infrastructure

    Dubai offers unmatched urban development, smart cities, and luxury living standards.

    
    

    Safe and Regulated Market

    With strict government oversight and real estate regulations, Dubai is considered one of the safest investment destinations in the region.

    
    

    Global Business & Tourism Hub

    The city attracts professionals, entrepreneurs, and tourists, ensuring continuous demand for both residential and rental properties.

    
    

    Most Space for $1M – The Leaders

    
    

    Berlin	1410 sqft
    Mumbai	1660 sqft

    
    

    
    

    While Mumbai and Berlin provide the most space per dollar, Dubai offers the best balance between space, lifestyle, returns, and international appeal.

    
    

    Final Thoughts

    
    

    If you're looking to make your $1 million work harder, Dubai clearly leads the pack—offering spacious living, strong returns, and investor-friendly policies. Whether you're buying for lifestyle or long-term gains, Dubai represents a strategic and rewarding choice in 2025.

    
    

    📩 Get in touch with Royal Panorama Properties to discover the best opportunities in Dubai's prime real estate market.